OPEN-SOURCE SCRIPT
MMI Signal
Actualizado
Trend trading strategies filtered by the Market Meanness Index.
This is a port of the experiment described at
financial-hacker.com/boosting-systems-by-trade-filtering/
financial-hacker.com/trend-delusion-or-reality/
financial-hacker.com/trend-and-exploiting-it/
financial-hacker.com/whites-reality-check/
The Market Meanness Index tells whether the market is currently moving in or out of a "trending" regime. It can this way prevent losses by false signals of trend indicators. It is a purely statistical algorithm and not based on volatility, trends, or cycles of the price curve.
The indicator measures the meanness of the market - its tendency to revert to the mean after pretending to start a trend. If that happens too often, all trend following systems will bite the dust.
Inputs
This is a port of the experiment described at
financial-hacker.com/boosting-systems-by-trade-filtering/
financial-hacker.com/trend-delusion-or-reality/
financial-hacker.com/trend-and-exploiting-it/
financial-hacker.com/whites-reality-check/
The Market Meanness Index tells whether the market is currently moving in or out of a "trending" regime. It can this way prevent losses by false signals of trend indicators. It is a purely statistical algorithm and not based on volatility, trends, or cycles of the price curve.
The indicator measures the meanness of the market - its tendency to revert to the mean after pretending to start a trend. If that happens too often, all trend following systems will bite the dust.
Inputs
- Price Source: Either open, high, low, close, hl2, hlc3, or ohlc4. The default value is hlc3.
- Trend MA Type: Either SMA, EMA, LowPass, Hull MA, Zero-Lag MA, ALMA, Laguerre, Smooth, Decycle. The default value is LowPass.
- Trend MA Period: Sets the lookback period of trend MA. The default value is 200.
- MMI Period: Sets the lookback period of the Market Meanness Index. The default value is 300.
Notas de prensa
Fixed compilation error with recent pinescript versionScript de código abierto
Siguiendo fielmente el espíritu de TradingView, el autor de este script lo ha publicado en código abierto, permitiendo que otros traders puedan entenderlo y verificarlo. ¡Olé por el autor! Puede utilizarlo de forma gratuita, pero tenga en cuenta que la reutilización de este código en la publicación se rige por las Normas internas. Puede añadir este script a sus favoritos y usarlo en un gráfico.
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